Economics Quiz 36
1 / 50
The main cause of different relative costs between countries are ?
2 / 50
All of the following are thought to be sources of new product ideas EXCEPT ?
3 / 50
The Superego of Freud,s theory is similar to Mead,s ?
4 / 50
The formula for the marginal revenue product of labour (L is for labour, X is the product) is ?
5 / 50
Involuntary unemployment exists if workers ?
6 / 50
To assign uniform characteristics to an entire group of people without allowing for individual differences is called_____________?
7 / 50
If an increase in a consumer?s income causes the consumers to decrease her quantity demanded of a good, then the good is ?
8 / 50
The liquidity trap occurs when the demand for money ?
9 / 50
The leading producer of sulphur in the world is ?
10 / 50
Barriers to entry ?
11 / 50
Public ownership of natural monopolies ?
12 / 50
The expectations people have regarding how husbands and wives ought to behave are called marital______________?
13 / 50
When real income increases other things equal we can expect the demand for real money holdings to ?
14 / 50
Term the exclusive right of one or more persons to carry on some branch of trade of manufacture It is a sole power of dealing in something ?
15 / 50
What is called interest that is paid previously earned interest as well as on the principal ?
16 / 50
Economic growth from current year (c) to previous year (p) is given by ?
17 / 50
Which of the following is not true about the specialized farm ?
18 / 50
The crop most susceptible to frost is_______________?
19 / 50
The sole legal right to print or publish anything which belongs to the author or his assignees is called ?
20 / 50
What is the ratio of Agriculturist by profession in Pakistan in (mid 2007) ?
21 / 50
Money that a government has required has required to be accepted in settlement of debts is ?
22 / 50
Which of the following is NOT within the secondary economic sector ?
23 / 50
________ are quotas that result in a total prohibition of trade?
24 / 50
A firm may be unable to maximize profits because it ?
25 / 50
Economic growth is depicted by ?
26 / 50
The developed nations have only about 15% of the world?s population, but they are estimated to consume _______ of the world?s output ?
27 / 50
Which of the following activities is one of the responsibilities of the Bank of England to the banking system ?
28 / 50
Economic policies do not work as well as they should because of obstacles posed by______________?
29 / 50
When you add a tomato product to a Hollandaise Sauce it is called ?
30 / 50
When stock market is falling it is_______________?
31 / 50
Studies other than Mead,s show that_________________?
32 / 50
An increase in the price of a complement for product A would ?
33 / 50
Which of the following groups would not benefit from an EU imports quota on Japanese cars ?
34 / 50
Suppose each of 20 neighbours on street values street repairs at ?3000 the cost of the street repair is ?40,000 which of the following statements is true ?
35 / 50
Negative life chances correspond to__________________?
36 / 50
The reduction of tax ?
37 / 50
uppose a consumer must choose between the consumption of sandwiches and pizza. If we measure the quantity of pizza on the horizontal axis and the quantity of sandwiches on the vertical axis and if the price of a pizza is Rs10 and the price of a sandwich is Rs5, then the slope of the budget constraint is ?
38 / 50
As of 2005 what proportion of women were in managerial professional and administrative positions ?
39 / 50
When ________ substitutes exist, a monopolist has ________ power to raise price?
40 / 50
In the classical model, potential output cannot be increased by ?
41 / 50
Critics of our school system sate that _________________?
42 / 50
If the economy is at the peak of the business cycle, aggregate demand ____ unemployment _______ inflation _______ and the current account of the balance of payments is likely to move towards _______?
43 / 50
The discipline that studies such disparate subjects as the environment religion politics criminality organization and so on is______________?
44 / 50
The use of price points for reference to different levels of quality for a company?s related products is typical of which product mix pricing strategy ?
45 / 50
Markets sometimes fail to exist because of________?
46 / 50
Which exchange rate system is characterized by the absence of government intervention ?
47 / 50
A profit maximising firm will employ labour up to the point where ?
48 / 50
In a floating exchange rate system ?
49 / 50
Labeling theory has been criticized because_________________?
50 / 50
If the quantity of money demanded exceeds the quantity of money supplied then the interest rate will ?
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